Ledger Nano S

Ledger Nano S - The secure hardware wallet

Tuesday, May 16, 2017

Bitcoin Price Drops 12 Percent Overnight, Quickly Recovers: Why It Happened

Bitcoin Price Drops 12 Percent Overnight, Quickly Recovers: Why It Happened

On May 12, Bitcoin price dropped from around $1,815 to $1,600 in a 24-hour period, recording a nearly 12 percent overnight decline. Since then, Bitcoin price has recovered relatively quickly and is back in the $1,740 region.

Bitcoin price has maintained its upward trend and momentum for seven straight days, reaching new all-time highs almost on a daily basis. From May 5 to May 12, Bitcoin price increased from $1,500 to $1,850, demonstrating a $350 weekly increase in value.

However, in the evening of May 12, Bitcoin price plunged, dropping by 12 percent.

In some markets, Bitcoin price entered the $1,500 region, sparking concerns of investors whether Bitcoin’s short-term price surge can be justified and sustained.

Full story at http://bit.ly/2pAKXTd

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.